Economics, Econometrics and Finance
4 years ago

Monopolies may drive more innovation than social planners, study finds.

Economics Letters
Monopoly incentives for cost-reducing R&D
Paolo G. Garella

Paper Summary

Related papers

Business, Management and Accounting
a year ago

Firm-Social Planner Collaboration Boosts Industry Output and Employment Opportunities!

Supply Chain Coordination
Circular Economy
Economic Behavior
3 views
Business, Management and Accounting
3 years ago

Monopoly platforms reduce service quality to offer discounts, study finds.

Two-Sided Markets
Economic Analysis
Social Media
2 views
Theme background image
Social Sciences
4 years ago

New study reveals optimal policies for maximizing societal welfare.

Income Inequality
Gender Inequality
Monetary Models
2 views

Monopolies can sometimes have more motivation to invest in cost-saving innovations than social planners. This challenges the idea that monopolies always lack incentives to innovate. The comparison of incentives can also vary depending on the demand for the product. In certain cases, there is a way to compare the incentives of monopolies and social planners.